Level 7 Diploma in Risk Management

Risk Management, OTHM Level 7 Diploma in Risk Management (RQF) l Regulated Qualifications Awarded by OTHM l 120 Credits l

Are you looking for Risk Management Advance Diploma? If yes, then you come to the right place. This is an advance Level 7 Diploma in Risk Management course designed to provide you with the advanced knowledge and skills in the field of risk management. This risk management course delves into the complexities of identifying, assessing and managing risk within various organizational context. The course curriculum is crafted in order to meet the requirements of the Regulated Qualification Framework (RQF), ensuring the learners receive a qualification that is recognized and respected in the industry.

The objective of the OTHM Level 7 Diploma in Risk Management is to provide learners with the skills and understanding in risk management that align with good strategic decision-making to maintain organisations’ competitive advantage.

The OTHM Level 7 Diploma in Risk Management programme provides an in-depth understanding of risks and its application in practice both for financial and non-financial organisations. Learners will learn both theoretical and practical understanding of risk, including risk measurement and modelling. The OTHM risk management level 7 qualification online on the Regulated Qualifications Framework (RQF) is at the same level as master’s degrees. However, it is shorter (120 credits), and learners will have to proceed to the dissertation stage (60 credits) with the university to achieve a full master’s programme.

The OTHM risk management level 7 qualification enables learners to progress into or within employment and/or to work toward a relevant Master’s programme with advanced standing.

The aims of a diploma in risk management online will allow learners to:

• Critically evaluate five basic methods for risk management
• Compare and contrast the influences of legislation, legal factors and regulatory bodies on health and safety in an organisation of your choice
• Assess the focal points of ISO standard ‘harmonisation’ programmes
• Evaluate the tools which can be used to review organisational strategy and risk plans
• Review the position of an organisation in its current market using appropriate tools
• Assess contemporary issues that contribute to CSR risk management systems
• Critically analyse the importance of conducting a Business impact analysis (BIA).
• Explain how leadership and management styles should change to meet the needs of different risk situations found in organisations
• Critically evaluate the role of a board in corporate governance issues and different approaches taken.
• Evaluate a range of risk financing options available for an organisation.
• Prepare a risk management plan by an environmental screening to help mitigate potential risks.
• Assess the Standardised approach for credit risk as per Basel III recommendations
• Analyse Knightian uncertainty, Ellsberg paradox, and Black swan events.
• Explain and apply the mathematical models of VaR, CVaR and EVaR
• Develop and design a Research Proposal on a chosen risk management-related topic.

Course Outline

The OTHM Level 7 Diploma in Risk Management qualification consists of 6 mandatory units for a combined total of 120 credits, 1200 hours of Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.

Qualification Accreditation Number (QAN): (603/6782/9)

• Delivered 100% online
• Program available to UK, EU and International students

Mandatory Modules

D/618/5302 – Principles of Risk Management

H/618/5303 - Strategic Risk Management

K/618/5304 – Responsible Leadership and Governance

M/618/5305 – Organisational and Environmental Risk

T/618/5306 – Risk Analysis and Modelling

A/618/5307 – Advanced Research Methods

Assessment

All units are internally assessed by Inspire London College and externally verified by OTHM. The qualifications are criterion referenced based on the achievement of all the specified learning outcomes.

To achieve a ‘pass’ for a unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria.

The Assessor judges that the learners have successfully fulfilled the assessment criteria.

Accreditation

OTHM Qualifications are approved and regulated by Ofqual (Office of Qualifications and Examinations Regulation). Visit the Ofqual Register of Regulated Qualifications.

OTHM has a progression arrangement with several UK universities that acknowledges learners’ ability after studying Level 3-7 qualifications to be considered for advanced entry into corresponding degree year/top-up and Master’s/top-up programmes.

Certification

OTHM Qualifications (Awarding Body) only issues verifiable certificates and Transcripts electronically and securely in PDF format (without additional charges).

If you want a hard copy of the Certificate and Transcript, you can claim it by paying an extra fee:

• Certificate and Transcript + Standard postage charges local = £60
• Certificate and Transcript + Standard postage charges International = £70
• Certificate and Transcript + Courier Services charges International = £100

The OTHM Level 7 Diploma in Risk Management enables learners to progress into or within employment and/or continue their further study as this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), where appropriate learners are eligible to progress to Master’s top-up at many universities in the UK and overseas with advanced standing. Individuals Risk Management Course with Certificate should take this qualification because Ofqual recognised certificate is included in this qualification.

The level 7 Risk management course has been designed to be accessible without artificial barriers restricting access and progression. For entry to the Level 7 Diploma in Risk Management, learners will be expected to hold the following:

• Be age 21 years or above
• An honors degree in a related subject or a UK level 6 diploma or an equivalent overseas qualification
• Mature learners with Risk Management experience (learners must check with the admissions team regarding this experience before registering for the programme)
• Learners wishing to study & are non-native English speakers must have a minimum level of English language competency.

This qualification equips individuals with advanced knowledge and skills in risk management, making them suitable for various roles across industries.

• Risk Manager
• Compliance Manager
• Insurance Risk Analyst
• Project Risk Manager
• Cyber security Risk Analyst

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